CCTV Script 21/04/15

— This is the script of CNBC's news report for China's CCTV on April 21, Tuesday.

As the death toll mounts following the latest migrant disaster in the Mediterranean this weekend, the tragedy has highlighted Europe's urgent need to tackle the growing crisis in the region.

Hundreds are feared dead after a boat bound for Europe carrying migrants capsized and sank off the Libyan coast on Sunday.

Only 28 people have been saved and 24 bodies found, the Italian coastguard said on Sunday, but one of the survivors is reported to have informed Italian authorities that there were up to 950 people on board.

However, this is not a rare accident.

Last year, 220,000 undocumented migrants came to Europe by sea, 170,000 African and Middle Eastern migrants arrived in Italy using that passage, with a total of nearly 300,000 arrivals in all since the start of 2011. Nearly 3,200 died on the route in 2014, according to figures from the International Organization for Migration. This year alone, over 1,500 migrants have drowned in the waters between Libya and Italy, with over 1,100 in the past week alone.

European leaders are increasingly concerned that the region cannot cope with the influx, or respond fast enough when those attempts go terribly wrong.

Following Sunday's disaster, several government leaders called for emergency talks and as the European Union (EU)'s Foreign Affairs Council met in Luxembourg on Monday.

Countries like Italy and Greece bear the largest burden of the region's migrant crisis, as both are close to North Africa and the latter is near to the Middle East as well. Hence, these countries are often the first port of calls for people smugglers' migrant boats - which are often unseaworthy and overcrowded.

Italy and Greece are also dealing with deep economic crises, however, and have been struggling to fund large-scale search-and-rescue efforts for boat disasters. Italy ended its "Mare Nostrum" maritime patrol program last October and the EU's replacement program, Triton, is primarily based on coastal border control rather than search-and-rescue missions.

CNBC's Qian Chen, reporting from Singapore.

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LTs

Paul Thomas | Listing Agent

Diana Olick | Seattle

Paul Thomas | Listing Agent

Barry Martin | Inherited Macefield Home

(PKG) A REAL LIFE IMAGE THAT COULD BE A CARTOON-- THE TALE IS EVEN STRIKENLY SIMILAR TO THE DISNEY MOVIE - UP... -- A HOMEOWNER STANDING UP FOR WHAT WAS, VERSUS WHAT IS TO BE.

AND A COMMUNITY RALLYING AROUND THE HOUSE, WITH INSPIRING MESSAGES, AS IT IS FINALLY AUCTIONED OFF TODAY.

YOU SEE, ONCE UPON A TIME IN 2006, EDITH MACEFIELD LIVED IN A COTTAGE THAT SHE REFUSED TO SELL TO MALL DEVELOPERS, NOT EVEN, AS THE STORY GOES, FOR A MILLION DOLLARS. AND SO THE STRUCTURE WENT UP AROUND HER, WALLING IN HER HOME.

PAUL THOMAS/BROKER it's a very unusual symbol of somebody who said I'm not going to topple over in the face of a big corporation

BUT IN 2008 MACEFIELD PASSED AWAY AND LEFT THE HOME TO BARRY MARTIN--

Barry: I first met Edith, she was standing right there, tending to her garden...

IRONICALLY, A CONSTRUCTION WORKER ON THE MALL. AS THE PROJECT DEVELOPED, SO DID THEIR FRIENDSHIP. AS HE TELLS IT, SHE WASN'T TAKING A STAND AGAINST CORPORATE AMERICA AT ALL.

BARRY She wouldn't sell her house because she had nowhere else to go. She was comfortable here.

S/U MARTIN SOLD THE HOME TO PAY FOR HIS KIDS COLLEGE, AS EDITH HAD WANTED. THEN THE LATEST OWNERS WENT INTO FORECLOSURE, AND NOW THE 600 SQUARE FOOT HOUSE ON ITS 1900 SQUARE FOOT LOT IS UP FOR AUCTION, DEADLINE FOR BIDS -TODAY.

BROKER I wouldn't be surprised if it sold for a quarter million dollars or less, and I wouldn't be surprised if it sold for over a million because there are no comparables.

THE ONLY CONDITION OF THE SALE IS THAT THERE BE SOME MEMORIAL TO EDITH MACEFIELD, EVEN IF JUST A PLAQUE. JUST SO THE STORY WILL LIVE ON.

BARRY: it's turned into a lot bigger than what you would have thought what edith would have thought..exactly.

SO HERE IT SITS, AND WAITS.

IN THE END THIS COTTAGE WILL UNLIKELY GET TO STAY, BUT OH IF ONLY IT COULD FLY....UP UP AND AWAY. FOR CNBC, DO, SEATTLE.